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    321 E 3Rd St Hope, AR 71801

    For Sale
    $215,000

    Building and Land - Hope, AR

    Property size:
    4,508 SF
    Lot size:
    0.33 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 321 E 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    10
    Size
    4,508 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1950
    Floors in Building
    1
    Architectural style
    Other

    Walker Realty (870) 777-4700

    Listing agent Janice Walker (870) 777-4700

    Listing date Nov 8, 2025

    MLS# 25044811 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mechanic Shop Opportunity in Hope

    This property presents an opportunity for establishing a mechanic shop or wrecker business. The front building, constructed in 1950, features two bays and an office area. A 3,220-square-foot shop was added in 2010, connecting to the rear of the existing building and includes three overhead doors. The property includes some equipment. Located in Hope, AR, the property has a total size of 4,508 square feet and is situated on a 0.33-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reese's Towing and auto ... Towing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jumani Tire Service, Madlock's Auto Glass & Body, Chavas Autoshop, Reynolds Mowers and More, Bumper To Bumper Certified Service Centers

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.588298
    Latitude
    33.667503

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    FAQs

    What type of property is this?
    Auto shop - Mechanic shop with two buildings and equipment in Hope, AR.
    Where is this auto shop located?
    The property is located at 321 E 3Rd St Hope, AR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Ideal location and setup for a mechanic shop or wrecker business.; - Features a **3,220 sq ft shop built in 2010 with 3 overhead doors.**; - Front building (built in 1950) features 2 bays and an office.
    (870) 777-4700
    Request Owner's contact information
    321 E 3Rd St Hope, AR 71801
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    Hope, AR 71801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 E 3Rd St Hope, AR 71801
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